The textile sector in India is finally showing some signs of recovery after it saw a major hit due to demonetisation, implementation of GST, rupee appreciation and high domestic cotton prices. Rupee depreciation, pick up of domestic demand and progressive policies are helping recovery. The Indian textiles & clothing industry registered a 5.37 per cent export growth during 2017 as against the global export growth of 3.94 per cent. Textiles exports (yarns, fabrics, made-ups) increased by 7.82 per cent in 2017 as compared to 2016. During the year 2017, India was the largest cotton yarn exporting country registering 25 per cent global market share and yarn export increased by 7.21 per cent during this year when compared to 2016.